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Article: Profit-sharing and financial performance in the Chinese state enterprises: Evidence from panel data
Title | Profit-sharing and financial performance in the Chinese state enterprises: Evidence from panel data |
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Authors | |
Keywords | China Financial performance Productivity Profit-sharing State-owned enterprises |
Issue Date | 1996 |
Publisher | Springer New York LLC. The Journal's web site is located at http://springerlink.metapress.com/openurl.asp?genre=journal&issn=1573-9414 |
Citation | Economics Of Planning, 1996, v. 29 n. 3, p. 205-222 How to Cite? |
Abstract | This paper examines the effects of incentives in employee remuneration on financial performance in a sample of Chinese state-owned enterprises (SOEs) during the late 1980s and early 1990s. The estimates show that bonus payments as a form of profit-sharing between employees and the state have positive effects on both the total factor productivity and profitability of the sample SOEs. Moreover, the actual level of bonus payments is found to be lower than the optimal level which a competitive firm would set to maximise profits. These results suggest that profit-sharing introduced in Chinese state-owned enterprises as one of the centrepieces of economic reforms over the last decade has been effective. © 1996 Kluwer Academic Publishers. |
Persistent Identifier | http://hdl.handle.net/10722/138719 |
ISSN | |
ISI Accession Number ID | |
References |
DC Field | Value | Language |
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dc.contributor.author | Zhuang, J | en_HK |
dc.contributor.author | Xu, C | en_HK |
dc.date.accessioned | 2011-09-08T08:13:10Z | - |
dc.date.available | 2011-09-08T08:13:10Z | - |
dc.date.issued | 1996 | en_HK |
dc.identifier.citation | Economics Of Planning, 1996, v. 29 n. 3, p. 205-222 | en_HK |
dc.identifier.issn | 0013-0451 | en_HK |
dc.identifier.uri | http://hdl.handle.net/10722/138719 | - |
dc.description.abstract | This paper examines the effects of incentives in employee remuneration on financial performance in a sample of Chinese state-owned enterprises (SOEs) during the late 1980s and early 1990s. The estimates show that bonus payments as a form of profit-sharing between employees and the state have positive effects on both the total factor productivity and profitability of the sample SOEs. Moreover, the actual level of bonus payments is found to be lower than the optimal level which a competitive firm would set to maximise profits. These results suggest that profit-sharing introduced in Chinese state-owned enterprises as one of the centrepieces of economic reforms over the last decade has been effective. © 1996 Kluwer Academic Publishers. | en_HK |
dc.language | eng | en_US |
dc.publisher | Springer New York LLC. The Journal's web site is located at http://springerlink.metapress.com/openurl.asp?genre=journal&issn=1573-9414 | en_HK |
dc.relation.ispartof | Economics of Planning | en_HK |
dc.rights | The original publication is available at www.springerlink.com | - |
dc.subject | China | en_HK |
dc.subject | Financial performance | en_HK |
dc.subject | Productivity | en_HK |
dc.subject | Profit-sharing | en_HK |
dc.subject | State-owned enterprises | en_HK |
dc.title | Profit-sharing and financial performance in the Chinese state enterprises: Evidence from panel data | en_HK |
dc.type | Article | en_HK |
dc.identifier.openurl | http://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0013-0451&volume=29&issue=3&spage=205&epage=222&date=1996&atitle=Profit-sharing+and+financial+performance+in+the+Chinese+state+enterprises:+Evidence+from+panel+data+ | - |
dc.identifier.email | Xu, C: cgxu@hku.hk | en_HK |
dc.identifier.authority | Xu, C=rp01118 | en_HK |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.1007/BF00683949 | - |
dc.identifier.scopus | eid_2-s2.0-0030423286 | en_HK |
dc.relation.references | http://www.scopus.com/mlt/select.url?eid=2-s2.0-0030423286&selection=ref&src=s&origin=recordpage | en_HK |
dc.identifier.volume | 29 | en_HK |
dc.identifier.issue | 3 | en_HK |
dc.identifier.spage | 205 | en_HK |
dc.identifier.epage | 222 | en_HK |
dc.identifier.isi | WOS:A1996WC63100005 | - |
dc.publisher.place | Netherlands | en_HK |
dc.identifier.scopusauthorid | Zhuang, J=24823242900 | en_HK |
dc.identifier.scopusauthorid | Xu, C=23020300700 | en_HK |
dc.identifier.issnl | 0013-0451 | - |